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City of Elgin·Illinois

Professional Auditing Services

Closes 8/14/2026$100k – $2.5MRequest for Proposal
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Description

The City of Elgin is seeking a qualified firm of certified public accountants to audit its financial statements for the fiscal year ending December 31, 2026, with the option to audit the four subsequent fiscal years. The selected firm will be required to perform an independent audit in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards. The firm will also be required to provide various reports, including a report on the fair presentation of the financial statements, a report on compliance with Public Act 85-1142, and a report on internal control over financial reporting. * The audit will be performed for the City of Elgin's financial statements for the fiscal year ending December 31, 2026. * The selected firm will be required to provide an independent audit in accordance with auditing standards generally accepted in the United States. * The firm will be required to provide various reports, including a report on the fair presentation of the financial statements and a report on internal control over financial reporting. * The firm will be required to communicate with the City of Elgin's audit committee and provide any additional information or clarification as requested. * The firm will be required to cooperate with any other auditors in the City's employ or any work associated with the project.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Nickon Etminan(Purchasing Officer)

[email protected]

(847) 931-5606

Key dates

Opened
7/24/2026
Questions due
8/6/2026
Closes
8/14/2026
Projected award
9/30/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
541211
Solicitation №
RFP 26-031

Budget estimate

$100,000 – $2,500,000

The budget for this opportunity is estimated to be around $100,000 to $500,000 per year, based on the scope of work and the requirements for the audit services. The total budget for the five-year contract could be around $500,000 to $2,500,000. The factors that may influence the likely payment range include the size and complexity of the City of Elgin's financial statements, the level of expertise and experience required for the audit, and the level of competition for the contract.

AI estimate from the solicitation

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